IPO Details

Bidding Dates

05 Mar '24 - 07 Mar '24

Minimum Investment

₹143,000 / 1 Lot ( 1000 Shares )

Price Range

₹136 - ₹143

Maximum Investment

₹143,000 / 1 Lot ( 1000 Shares )

Retail Discount

Not Applicable

Issue Size

₹51.82 Cr

Investor category and sub category

Retail Individual Investors  |   Non-Institutional Investors  |   Qualified Institutional Buyers (QIB)   |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 5, 2024

Closing Date

Mar 7, 2024

Basis of Allotment

Mar 11, 2024

Initiation of Refunds

Mar 12, 2024

Credit of Shares to Demat

Mar 12, 2024

Listing Date

Mar 13, 2024

UPI Mandate Expiry Date

Mar 7, 2024

Sona Machinery IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Mar 5, 2024

 6.71X 8.65X 19.62X 13.58X

Day 2Mar 6, 2024

 6.78X 34.49X 63.59X 41.13X

Day 3Mar 7, 2024

 129.72X 554.42X 235.06X 273.50X

Sona Machinery IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions 129.72x
Non-Institutional Buyers 554.42x
Retail Investors 235.06x
Total 273.50x

About Sona Machinery Limited

Sona Machinery Limited is a diversified agro-processing equipment manufacturer. The company manufactures equipment to process rice, wheat, pulses, spices and more. Their product portfolio includes Rotary Drum Cleaner, Grains Pre-Cleaner machines, Vibro Classifiers, Paddy De-Husker, Stone Separator Machines, Husk Aspirator, Rice Whiteners, Silky Polisher, Belt Conveyer, etc., along with complete projects for ethanol distilleries and rice mills.

The company’s services include engineering, supervision, erection and machine commissioning to deliver a comprehensive solution for the milling section. They have a manufacturing facility at Ghaziabad, Uttar-Pradesh, with a total area of ~52,205 square feet and a warehouse for storing their material and finished goods. The company’s manufacturing unit has the requisite infrastructure, including machinery and other handling equipment, that facilitates a smooth manufacturing process.

The food processing sector in India stands as one of the world's largest, with a projected output reaching $535 billion by 2025-26. Playing a pivotal role, it serves as a crucial link connecting Indian farmers to both domestic and international consumers. The Ministry of Food Processing Industries (MoFPI) is actively promoting investments throughout the entire value chain to foster growth in the sector. Sona Machinery Limited will probably benefit from this.

Sona Machinery Limited IPO Details

Sona Machinery Limited IPO Dates

Sona Machinery Limited’s IPO is open from March 5, 2024 to March 7, 2024. The IPO will be listed on NSE Emerge.

Sona Machinery Limited IPO Price Band

Sona Machinery Limited is a fresh issue of up to 3,624,000 equity shares.

Sona Machinery Limited IPO Lot Size

Sona Machinery Limited’s IPO lot size is 1000 shares.

Sona Machinery Limited IPO Objectives

The objectives of Sona Machinery Limited's IPO are listed below:

  • To fund the company's capital expenditure requirements for setting up a new manufacturing unit in Ghaziabad.
  • To repay the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery.
  • For general corporate purposes.

Peer Details

As per DRHP, there are no listed peers whose business portfolio is comparable to the company.

How To Check the Sona Machinery Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app.
  • Go to the IPO Section and then to IPO Orders.
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Sona Machinery Limited IPO.

Contact Details of Sona Machinery Limited IPO

  • Registered office: Unit No. 701, 7th floor, KLJ Tower, Plot No. B-5, Netaji Subhash Place, Maurya Enclave, North West Delhi, Delhi – 110034, India.
  • Phone: +91-8448984368
  • E-mail: cs@sonamachinery.com

IPO Financials

Particulars Period ending on August 31, 2023 (₹ lakh) Year ending on March 31, 2023 (₹ lakh) Year ending on March 31, 2022 (₹ lakh) Year ending on March 31, 2021 (₹ lakh)
Revenue from Operations 2,703.69 8,096.63 4,451.59 604.19
Profit After Tax 187.77 770.96 330.02 28.22
Net Worth 1326.67 1138.90 367.94 37.92
Total Borrowings 132.04 252.60 236.61 -

Know before investing

Strengths

3

  1. The company offers a wide range of products across various categories, which includes equipment for material handling, cleaning, blending, grading, etc., for processing of various grains.

  2. The company generates revenue from multiple geographical locations across India and from outside India, such as Kenya, Nigeria, Nepal, Bangladesh, etc.

  3. The company is currently in the process of setting up an additional manufacturing unit in Ghaziabad to increase its manufacturing capabilities through manufacturing existing and new products like Hammer mill, pulveriser, etc.

Risks

2

  1. They generate their entire revenue from their operations in certain geographical regions. Any adverse developments affecting their operations in these regions could have an adverse impact on their revenue.

  2. The agriculture sector is seasonal. Due to this, their operating results may fluctuate significantly and also reduce their sales.

  • How to Apply in IPO
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Sona Machinery Limited IPO FAQs

What is Sona Machinery Limited's IPO?

Sona Machinery Limited IPO is a fresh issue of up to 3,624,000 equity shares. The IPO date will be opened on March 5, 2024.

When will Sona Machinery Limited's IPO be allotted?

The Basis of Allotment will happen on Monday, March 11, 2024.

When will Sona Machinery Limited's IPO open for subscription?

The IPO subscription window will open on Tuesday, March 05, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1000 shares.

When will Sona Machinery Limited list on exchanges?

Sona Machinery Ltd IPO will be listed on the NSE Emerge on Wednesday, March 13, 2024.

How do I check the allotment status of the Sona Machinery Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Sona Machinery Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Sona Machinery Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Sona Machinery Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Sona Machinery Limited using one PAN?

You can submit only one application using your PAN card.